Tuesday 30 August 2016
 
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Arab National Bank

Arab National Bank Q2 profit slips 2.1pc

Arab National Bank, Saudi Arabia's seventh-largest lender by assets, reported a 2.1 percent fall in second-quarter net profit on Thursday, broadly in line with analysts' estimates, as expenses rose. Net profit in the three

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Arab National Bank Q4 profit falls 5.5pc

Arab National Bank, Saudi Arabia's seventh-largest lender by assets, reported a 5.5 percent fall in fourth-quarter net profit on Tuesday, missing analyst forecasts as fees and commissions declined and credit provisions rose. T

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Arab National Bank posts 2.2pc rise in Q3 profit

Arab National Bank, Saudi Arabia's seventh-largest lender by assets, reported a 2.2 percent rise in third-quarter profit on Tuesday, marginally missing analysts' forecasts. Net profit in the three months to September 30 wa

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Arab National Bank places $533m sukuk

Saudi Arabia's Arab National Bank has issued SR2 billion ($533 million) of 10-year sukuk through a private placement, the kingdom's seventh largest lender by assets said in a bourse statement on Thursday. The bank has the

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Arab National Bank wins approval for $533m sukuk

Saudi Arabia's Arab National Bank has received regulatory approval to raise SR2 billion ($533.28 million) through sukuk which will enhance its supplementary capital, it said in a statement on Wednesday. The kingdom's seven

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ANB sets up HP mission critical systems

Riyadh-based Arab National Bank (ANB) has installed the newest generation of HP Integrity Superdome 2 systems, which, when coupled with HP Mission Critical Partnership, ensure 24x7 service to the bank’s customers. “To

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ANB launches new futuristic ATM

Arab National Bank (ANB) has announced the launch of its first futuristic ATM site which incorporates digital LED technology with display screens linked to the bank's headquarters. This enables ATM users to avail 'real tim

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NCB Capital cuts Saudi banks

Saudi banks with significant exposure to the corporate sector may see their net interest margins shrink as competition increases, NCB Capital said, downgrading Saudi Investment Bank and Arab National Bank to "neutral" from "overweight."  

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ANB Invest launches Jeddah project

ANB Invest, the investment arm of Arab National Bank, has announced the start of its Diyar Jeddah Real Estate Fund project's infrastructure work. 'The award of the essential project infrastructure development contracts is a major m

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APC by Schneider deploys key solution at ANB

APC by Schneider Electric, a global leader in integrated Critical Power and Cooling Services, said it had recently installated a Tier 3+ dark data center for Arab National Bank (ANB) in Saudi Arabia. A strategic implementation, that has to

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